[snake117]

I really underestimated the amount of applications that you guys received. I was thinking maybe a few hundred, like 800 or 900, at the most, but 6500? I was way off.

I was wondering though, if the Fellowship program showed great results and you guys decide to continue it, how much equity would you ask for? Have you thought that far ahead yet?

[dkyc]

I have no inside info, but I think YC Fellowship could be a startup lead generation system: when you get a Fellowship grant and your company begins to work out, you will probably apply to YC and get accepted. Then YC receives equity (and only the equity of the huge winners matter financially).